Cambria Africa plc

The Company’s investment objective is to provide Shareholders with long term capital appreciation through the investment of its capital primarily in Zimbabwe. Cambria does not have a particular sectoral focus. Its key objective is building a portfolio of companies that are well-positioned to benefit from Zimbabwe’s economic growth and from formalization and modernization of Zimbabwe’s economy. Moreover, Cambria seeks investments that have current sector leadership in Zimbabwe or, in Cambria’s view; will be able to achieve this. Cambria generally seeks control as it prefers to become actively involved in the companies it acquires. For example, assisting in setting focused strategic objectives, building “first class” management teams, creating globally focused companies and efficiently deploying the necessary funds to build on, or achieve leading market positions and thereby the associated higher margins. Cambria’s approach is a fusion between a conglomerate and a publicly traded private equity firm. It has the long term perspective of a ‘going concern’ and seeks the value enhancing, efficiencies of an investment company. Even though within Cambria investments are referred to as ‘subsidiaries’ and Cambria seeks synergies between its subsidiaries, Cambria has the discipline to enter and exit investments when appropriate for maximizing shareholder returns.